The Pope likes this kind of investing

London (CNN Business)For some Catholic investors, it’s no longer enough to do no harm. They want their money to help the world’s poorest, and they’ve got the backing of Pope Francis.

While Catholic investment funds have traditionally avoided businesses that are inconsistent with church teachings, there’s a growing movement towards “impact investments” that actively deliver a social good.
Since 2014, the Vatican has held three impact investing conferences that were aimed at helping Catholic institutions understand how private capital can help the poor. One was held as recently as June.

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